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Purpose: To recognize and encourage outstanding discoveries in the chemistry of medicinally active substances. The discovery for which the award is given should have been made during the last two decades.

Nature: The award consists of $5,000 and a certificate. Up to $1,000 for travel expenses to the meeting at which the award will be presented will be reimbursed. The award is presented biennially in odd-numbered years.

Establishment & Support: The award was established in 1988 by Merck Research Laboratories (formerly Schering-Plough Research Institute) to honor the contributions of Emanuel B. Hershberg to the pharmaceutical industry, especially the application of organic chemistry for the discovery and development of novel drugs.